BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

A number of other research firms have also issued reports on FEYE. Zacks Investment Research raised FireEye from a hold rating to a buy rating and set a $19.00 target price on the stock in a report on Tuesday, February 12th. Evercore ISI reiterated a buy rating and issued a $25.00 price objective on shares of FireEye in a research report on Sunday, June 2nd. Wedbush reiterated a neutral rating and issued a $18.00 price objective on shares of FireEye in a research report on Wednesday, May 1st. Mizuho began coverage on FireEye in a research report on Tuesday, March 26th. They issued a neutral rating and a $18.00 price objective for the company. Finally, Robert W. Baird reiterated a buy rating and issued a $23.00 price objective on shares of FireEye in a research report on Wednesday, May 29th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $19.79.

FEYE opened at $14.43 on Tuesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -20.04 and a beta of 0.97. The company has a current ratio of 2.00, a quick ratio of 1.99 and a debt-to-equity ratio of 1.69. FireEye has a 12-month low of $13.85 and a 12-month high of $20.61.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, April 30th. The information security company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.02). The business had revenue of $210.54 million during the quarter, compared to analyst estimates of $210.22 million. FireEye had a negative net margin of 29.28% and a negative return on equity of 20.85%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. Research analysts expect that FireEye will post -0.58 EPS for the current fiscal year.

In related news, EVP Alexa King sold 3,156 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $15.37, for a total transaction of $48,507.72. Following the completion of the sale, the executive vice president now directly owns 505,060 shares of the company’s stock, valued at approximately $7,762,772.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 4,613 shares of company stock valued at $69,539 over the last ninety days. Insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC lifted its stake in FireEye by 15.4% in the first quarter. ArrowMark Colorado Holdings LLC now owns 3,735,271 shares of the information security company’s stock worth $62,715,000 after purchasing an additional 498,682 shares during the last quarter. Two Sigma Investments LP bought a new stake in FireEye in the fourth quarter worth $54,563,000. ETF Managers Group LLC lifted its stake in FireEye by 14.6% in the first quarter. ETF Managers Group LLC now owns 3,348,914 shares of the information security company’s stock worth $56,228,000 after purchasing an additional 426,289 shares during the last quarter. First Trust Advisors LP lifted its stake in FireEye by 114.8% in the first quarter. First Trust Advisors LP now owns 3,301,854 shares of the information security company’s stock worth $55,438,000 after purchasing an additional 1,764,847 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in FireEye by 13.3% in the first quarter. Neuberger Berman Group LLC now owns 2,489,373 shares of the information security company’s stock worth $41,788,000 after purchasing an additional 292,381 shares during the last quarter. 79.79% of the stock is owned by institutional investors.

About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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